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Home » Just in: DeFi Platform Wise Lending Falls Victim to Hack – CoinGape

Just in: DeFi Platform Wise Lending Falls Victim to Hack – CoinGape

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Just in: DeFi Platform Wise Lending Falls Victim to Hack – CoinGape

Wise Lending reportedly suffered an exploit on Friday in the latest cybersecurity breach in the decentralized finance (DeFi) space. PeckShield Inc., a blockchain security and data analytics company, reported that Wise may have suffered a significant loss of approximately 177 ETH, about the market price of $464,000. PeckShield’s initial investigation revealed that the exploit was due to a flaw in the share accounting logic of Wise Lending. The flaw is tied to a precision issue that enabled the draining of market funds, as per the firm. advertisement Meanwhile, Wise Lending is yet to respond to the incident at press time. The… 

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